Shanghai: Reducing housing purchase restrictions

On August 25th, six departments in Shanghai jointly issued the "Notice on Optimizing and Adjusting the City's Real Estate Policies and Measures". In order to better meet the residents' improvement needs, promote livability, and balance between jobs and housing, the "Notice" clearly further reduces the housing purchase restriction policy. First, there is no limit to the number of houses purchased by eligible households outside the outer ring. For households that meet the housing purchase conditions in this city, including households with household registration in this city, and non-household registration households that have continuously paid social insurance or personal income tax in this city for one year or more, there is no limit to the number of houses purchased outside the outer ring, including new commercial housing and second-hand housing. Second, adult single people implement the housing purchase restriction policy according to resident households.